Ames Convention & Visitors Bureau
- Assets
- $2.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 36
- Location
- Ames, IA
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 42-1257573
Organization Overview
Ames Convention & Visitors Bureau is located in Ames, IA. The organization was established in 1985. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Ames Convention & Visitors Bureau employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ames Convention & Visitors Bureau is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Ames Convention & Visitors Bureau generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ames Convention & Visitors Bureau has awarded 29 individual grants totaling $432,472. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE AMES CONVENTION AND VISITORS BUREAU IS TO ACQUIRE MEETING, CONVENTION AND EVENT BUSINESS. THE ACVB WILL SEEK TO ACQUIRE GROUPS THAT WILL HAVE CITY WIDE IMPACT AND THE POTENTIAL TO RETURN TO AMES ON A REGUALR BASIS AND THAT WILL STRENGTHEN OCCUPANCY IN HISTORICALLY SOFT BUSINESS PERIODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OF CONVENTIONS AND EVENTS REQUIRING MORE THAN ONE HOTEL AND MEETING FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Bourke President | Officer | 40 | $141,461 |
Gary Botine Past Chair | Trustee | 1 | $0 |
Gloria Betcher Director | Trustee | 1 | $0 |
Bonnie Alley Director | Trustee | 1 | $0 |
Steve Goodhue Chair | Trustee | 1 | $0 |
Mindy Bergstrom Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,850 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,580,062 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,612,912 |
| Total Program Service Revenue | $97,772 |
| Investment income | $1,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,712,079 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,010 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $419,880 |
| Pension plan accruals and contributions | $15,026 |
| Other employee benefits | $33,423 |
| Payroll taxes | $7,797 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $263,795 |
| Office expenses | $17,997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,685 |
| Travel | $2,766 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,693 |
| Insurance | $9,942 |
| All other expenses | $3,220 |
| Total functional expenses | $1,162,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,268,279 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $146,236 |
| Accounts receivable, net | $416,345 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,213 |
| Net Land, buildings, and equipment | $90,084 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,954,157 |
| Accounts payable and accrued expenses | $44,667 |
| Grants payable | $0 |
| Deferred revenue | $211,965 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $256,632 |
| Net assets without donor restrictions | $1,697,525 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,954,157 |
Grants Awarded
Over the last fiscal year, Ames Convention & Visitors Bureau has awarded $40,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Ames, IA PURPOSE: 2021 SUMMER IOWA GAMES SPONSORSHIP | $22,000 |
Ames, IA PURPOSE: ALL IOWA ATTACK | $12,000 |
Ames, IA PURPOSE: SUMMER IOWA GAMES ATHLETE CHECK-IN | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |